ccording to data released by Macau's Gaming Inspection and Coordination Bureau, the world’s largest gambling market has endured its lowest monthly gaming revenue and worst percentage decline from the previous year in its history in June.
For the first half of 2020, Macau gaming revenue hit $18.726 billion, 77.4 percent less than the first six months of 2019.
As the effects of the coronavirus continue to affect the Chinese territory, June’s $89.7 million (U.S.) in casino revenue represented a new low for the market and the variance of 97 percent from June 2019 was the largest ever.
Macau has struggled because the Chinese government has ordered borders closed to Macau from nearby Guangdong province and Hong Kong to limit the spread of COVID-19, the Las Vegas Review-Journal reports.
The depressed numbers largely affect three Las Vegas companies with casinos in Macau: market leader Las Vegas Sands, Wynn Resorts, and MGM Resorts International, which holds a majority position in a partnership there.